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Gold/Mining/Energy : Innomat Solutions Corp (INAT - was Stackpal, STAX) -- Ignore unavailable to you. Want to Upgrade?

To: sPD who wrote (330)	5/13/1998 10:02:00 PM
From: Mitch	Respond to of 580

Richard and Tom: I think this consolidation is going to be OK judging from Paul's obvious sensitivity to our concerns. If it's not properly done, however, it can really hurt. PUG was recently consolidated 5:1. It was around 0.30 at the time, and you would have expected $1.50 or thereabouts after the consolidation. Instead, the price headed south almost immediately and settled down at about $1.00. I don't believe it has seen $1.20 since. The point seems to be that there must be some good news, some fresh hope at the same time to give the price a strong base from which it can trade. I think Paul realizes this, so this should be a happy story. I hope so, anyway, because I'm very long on INAT and I still haven't recovered from the bath I took on PUG. All the best, Bob.